Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007Search
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Trade Deficit Narrows in April
The U.S. trade deficit narrowed by 6.2% in April as exports surged to a record, the Commerce Department said Friday.
June 8, 2007Letters to the Editor: Double Brokering, Gasoline Prices
I believe the Transportation Intermediaries Association should solve the problem of 鈥渄ouble-brokering鈥 before trying to convince regulators to allow third-party logistics providers to join the Customs-Trade Partnership Against Terrorism.
June 8, 2007Wholesale Inventories Rise 0.3%
Wholesale inventories rose 0.3% in April, the Commerce Department said Thursday.
June 7, 2007Hub Group Buys Intermodal Firm
Third-party logistics company and freight broker Hub Group said it will acquire the assets of Interdom Partners, an intermodal marketing company, for $26 million.
June 7, 2007ATA鈥檚 Graves to Chair Highway Users Group
The American Highway Users Alliance has named American Trucking Associations President Bill Graves chairman of the group鈥檚 board of directors, effective immediately.
June 7, 2007UTi Worldwide鈥檚 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide鈥檚 fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 20071Q Productivity Climbs Less Than Originally Reported
First-quarter U.S. worker productivity rose 1%, down from an earlier estimate, the Labor Department said Wednesday.
June 6, 2007Letters to the Editor: Rollover Stats, SafeStat Scores, Hard Braking
These letters appear in the June 4 print edition of Transport Topics. Click here to subscribe today.
June 6, 2007Ceva Secures EGL Financing
The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007